MARKET FOR LED LUMINAIRES OVER $3.8 BILLION IN 2010 SAYS STRATEGIES UNLIMITED

Feb 17th, 2011

For February 15, 2011 ReleaseContact: Vrinda Bhandarkar

vrindab@strategies-u.com

650-946-3166

MARKET FOR LED LUMINAIRES OVER $3.8 BILLION IN 2010 SAYS STRATEGIES UNLIMITED

February 11, 2011, Mountain ViewCA— Growth rates among applications vary, but the global market for LED luminaires is expected to grow to $8.3 billion by 2014. Rapid improvements in performance and price of commercially available high brightness LED packages, heightened awareness about energy efficiency, phasing out of incandescent bulbs, and fiscal stimulus undertaken by countries around the world, created conditions for adoption of white light application of LED technology, which otherwise would have faced the low-volume-high-cost conundrum. Quality issues that affected the market penetration of previous energy efficient lighting technologies continue to affect this market but the resolve to reduce energy consumption is likely to propel this technology to be widely commercialized and adopted by the market. The LED Luminaires, Market Analysis & Forecastincludes nine LED lighting application segments and analysis for the period from 2008 to 2014.

Being the most efficient light source technology for applications requiring a directional beam of light and batteries, consumer portable applications were the largest segment of the LED luminaire market in 2010. The quality of LEDs has improved to a point that performance is no longer an issue. The issue now is the price of designing LEDs into luminaires. Color and color- changing application in architectural and entertainment applications together had revenues more than $1 billion in 2010. Residential lighting — the fastest growing segment of the market — starting from a small base, is forecast to grow at a CAGR of 44% through 2014. Global revenues for LED luminaires in commercial/industrial applications are expected to be more than $1 billion in 2011. The outdoor area lighting applications, which benefitted from fiscal stimulus and the need for energy conservation, are expected to grow at a CAGR of 38% through 2014. Solar powered lanterns will be a low margin-high volume application assisted by NGOs and governments trying to save fuel subsidies. The revenues for this sub-segment are forecast to grow at a CAGR of 58% for the same period. LED exit signs have become a mature market in the U.S. and are in the initial stage of market penetration in white light application in egress signage lighting outside the U.S. China is the largest market as well as the largest supplier of LED luminaires.

This report is the latest in a series of reports on LED Markets. This follows the market research reports on HB-LEDs (June 2010), HB-LEDs in Lighting (March 2010), LED Lighting Fixtures (January 2009) and LED Replacement Lamps (June 2009). Founded in 1979, Strategies Unlimited specializes in market research and strategic consulting directed at photonics systems and components. The company, based in Mountain View, California, is a research unit of PennWell Corporation, a global media and information company. The LED & Lighting Media Group of Pennwell includes LEDs Magazine, website, e-newsletters and Suppliers Directory; market research with Strategies Unlimited; and leading events with Strategies in Light, LED Japan/Strategies in Light and Strategies in Light Europe.

For more information, contact Strategies Unlimited at +1 650 941-3438 (voice) or e‑mail at info@strategies‑u.com, or check the company's web site at www.strategies-u.com.